AsiaDry CargoGreater China
Price differential between Japanese and Chinese bulkers evident in recent resales
A resale panamax bulker with a 38 m wide beam design has fetched $25m in an off-market deal, Thrasyvoulos bought by Samos Steamship from Alexandria Shipping.
The Japanese built ship contrasts with another similar deal, the BSI Cadogan, which is due for delivery in China shortly. While just 3,000 dwt smaller, the BSI Cadogan was only able to muster $20.7m, a clear indicator of the differential between Japanese and Chinese built ships.